DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
ADVANCED MICRO DEVICES, INC., BANK OF AMERICA CORPORATION, SPDR S&P 500, 12 RETECH CORPORATION, ISHARES MSCI EMERGING INDEX FUND, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Price broke below the cloud but the lagging line clearly bouncing off the cloud, trend reversal not confirmed. Good entry for trend continuation.
BTC is about to have a major correction, as the big money looks to take profits. TA shows overextended price with clear divergence on the bb%.
Statistics for the rounding bottom:
- In 62% : there is a bullish reversal
- In 86% : the exit is upward
- In 40% : a pullback occurs on the neckline
Entry: Take a long position at the breakout of the neckline
Stop: The stop is placed below the neckline
Possible Bearish Gartley -
Pending positive news for the GBP will probably disrupt the pattern.
Just for information purposes.
Hit the 618 fib retracement area which has a high probability of bouncing back up.
It has also hit the high volume node from the previous large balance also suggesting a bounce back up.
Waiting to confirm 3rd bounce or break.
I remain neutral for now, If scenario1 occurs, Potentially a nice big chunk.
Scenario 2: I will be looking to fade the key areas.
Scenario 3: I will take a further look, caution
Currently at 1.22 area. Price was broken earlier and switfly came to retest. My preference would be to short following a decisive break below 1.22